This bill prohibits institutions of higher education in New Jersey from entering into partnerships or contractual agreements related to sports wagering. It specifically defines a "sports wagering partnership" as any agreement between a sports wagering operator or intermediary and an institution, which includes its athletic department or booster club, that allows for advertising access in the institution's stadiums, facilities, and through various digital and broadcast sports content.

The legislation aims to prevent potential conflicts of interest and maintain the integrity of educational institutions by ensuring they do not engage in commercial relationships that promote sports wagering. The bill is set to take effect immediately upon enactment.